DAEX BLOCKCHAIN

What is DAEX?DAEX is an open and decentralized clearing ecosystem for cryptocurrency and bridges that connect currency trade exchanges. This too serves as a trusted guard for mutiple crypto assets. Clearing rules and clearing are programmed to complete smart contracts on the Clearing Chain DAEX (also referred to as “clearing chain”). Automatic clearing process without third party intervention. The objectivity of clearing is guaranteed by a consensus mechanism on the clearing chain. The customer’s digital set is registered and stored in the clearing chain. No other institution or individual can access this asset without the owner’s permission.DAEX ECOSYSTEMDAEX consists of clearing services based on distributed, centralized ledger technology.Safe – A joint custodian organization for all registered assets in the DAEX ecosystem. Multi-level encryption mechanism for DAEX Wallet.Transparent – A public clearing network that allows transparent accounting information. Allowing everyone to witness and share the benefits of the DAEX clearing ecosystem.Open – Open ecosystems support trade and clean up infrastructure that supports derivative businesses in the future.Centralized exchange has a long history of being the main target for hacking groups. It seems like a weekly event where thieves can access and steal funds from these entities, with stolen amounts ranging from hundreds of millions of dollars.Similar to a bank, this centralized entity has complete control over funds when a trader makes a deposit on the exchange. They also act as clearing houses that provide order matching, clearing and settlement services. With this infrastructure, traders must fully trust the exchange to not only keep their assets safely from external and internal threats, but also facilitate the trade that occurs. The hot wallet they use to store their customer’s digital assets allows hacking.DAEX walletSupports many assets, which are accessed using multi-segment keys.Double encryption keeps your wallet safe and protected. End users have complete control and ownership of their assets.DAEX CLEARING CHAINIs the core product of the DAEX ecosystem. It provides individual institutions and customers with integrated clearing and settlement services using distributed ledger technology.DAEX FUNDSupport investment in exchanges and cryptocurrency wallets, cross-chain solutions and asset management projects.CONCLUDEDAEX will use decentralized system to develop a reliable and efficient platform between exchange markets and merchants. There is a presence of clearing service which solely depends on distributed ledger, user wallets and centrally based exchange. Most merchants make use of their wallets in performing exchanges of transaction. This will provide security trading framework that makes user assets all held on public blockchain and will not transfer without the permission of such users. The exchanger has their own clearing duty to accomplish; without that, trading industry as a whole will unable to make good use of its resources. Such that, with use of clearing service, most industry resource will be are useful more efficiently.